Sun.Feb 23, 2025

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Understanding the Work Opportunity Tax Credit

RogerRossmeisl

According to the U.S. Bureau of Labor Statistics, the unemployment rate continues to be historically low, ranging from 4.0% to 4.3% from May to November of 2024. With todays hiring challenges, business owners should be aware that the Work Opportunity Tax Credit (WOTC) is available to employers that hire workers from targeted groups who face significant barriers to employment.

Tax 213
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Reporting on Multiple Payroll Periods

Insightful Accountant

In this week's QuickBooks Monday Minute, Murph gives you a few simple steps to run multi-period 'packaged' payroll reports from QBO.

payroll 59
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Maximize Your 401(k) in 2025: Smart Strategies for a Secure Retirement

RogerRossmeisl

Saving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers a 401(k) or Roth 401(k), contributing as much as possible to the plan in 2025 is a smart way to build a considerable nest egg. If youre not already contributing the maximum allowed, consider increasing your contribution in 2025.

CPA 200
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2025’s supply chain challenge: Confronting complexity and disruption in global trade

ThomsonReuters

Complexity and disruption those are the keywords when describing global trade and supply chain management in 2025, according to Thomson Reuters 2024 Global Trade Survey Report. The report is based on responses from upper-level trade professionals in North America, the European Union, the United Kingdom, Latin America, and Asia Pacific. Each of the 2024 surveys top themes is related to complexity and disruption in some way, with disruption in the supply chain being the primary concern for respo

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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How Section 1231 Gains and Losses Affect Business Asset Sales

RogerRossmeisl

When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code, which governs the treatment of gains and losses from the sale or exchange of certain business property. Business gain and loss tax basics The federal income tax character of gains and losses from selling business assets can fall into three categories: Capital gains and losses.

Sales 191
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7 Most Common Myths About Fractional Accounting Teams

Basis 365

Fractional accounting teams are rapidly becoming the go-to solution for businesses looking to streamline their finances and access expert financial insights without the expense of a full in-house accounting department. Despite their growing popularity, several misconceptions continue to surround fractional accounting teams and outsourced accounting , preventing some businesses from realizing their potential.

Account 52

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Exploring the evolving landscape of e-invoicing in Europe: Takeaways for tax professionals

ThomsonReuters

The European e-invoicing market is on the brink of a major transformation, driven by mandatory e-invoicing and e-reporting regulations emerging across the EU. This shift, spurred by the need to improve VAT revenue collection and fueled by initiatives like the EU’s VAT in the Digital Age (ViDA), presents both challenges and opportunities for businesses.

Tax 52
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Keeping Crooked Workers from Colluding in Fraud

RogerRossmeisl

According to the Association of Certified Fraud Examiners, when one occupational fraud perpetrator pulls off a scam, the employer suffers a median loss of $75,000. When crooked individuals team up, that median loss rises to $135,000. And when three or more crooks work together to defraud an organization? $329,000. Thats the power of collusion. If such financial consequences werent bad enough, collusion can also destroy a companys reputation.

CPA 165
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Some Federal Agencies Tell Workers Not to Respond to Elon Musk’s Email Demand

CPA Practice

The Pentagon and Department of Justice have told workers to pause on replying to the Trump administrations email, citing potential legal pitfalls and agency autonomy.

Legal 58